Fundamentally strong stocks are those stocks that have a solid financial foundation, such as strong earnings growth, low debt-to-equity ratio, high return on equity, and a stable cash flow.
These stocks are considered to be good long-term investments as they have the potential to perform well even during economic downturns.
Here's a list of some of the fundamentally strong midcap stocks in India.
Company | CMP (Rs) | RoCE (Latest, %) | D/E (Curr FY, x) | EBITDA (3 yrs, %) | EBITDA | RoE (Latest, %) | Sales (Rs m) |
---|---|---|---|---|---|---|---|
P&G HYGIENE | 15,286.9 | 114.8% | 0.0 | 10.7% | 8,244.0 | 82.5% | 39,009 |
PAGE INDUSTRIES | 40,935.2 | 58.4% | 0.2 | 17.5% | 8,640.2 | 41.7% | 50,006 |
CG POWER & INDUSTRIAL | 404.1 | 57.7% | 0.0 | 198.5% | 10,052.9 | 44.6% | 69,725 |
IRCTC | 662.7 | 55.3% | 0.0 | 22.2% | 12,762.2 | 40.6% | 35,415 |
TATA ELXSI | 7,110.3 | 45.8% | 0.0 | 41.6% | 9,601.2 | 36.2% | 31,447 |
VEDANT FASHIONS (MANYAVAR) | 1,262.5 | 43.6% | 0.0 | 19.4% | 6,708.5 | 30.8% | 13,549 |
CRISIL | 3,937.0 | 42.6% | 0.0 | 17.0% | 7,296.4 | 32.1% | 27,687 |
JINDAL STAINLESS | 411.5 | 42.0% | 0.6 | 33.7% | 27,839.1 | 36.8% | 212,234 |
MINDTREE | 3,433.4 | 41.6% | 0.0 | 27.3% | 21,956.0 | 30.4% | 105,253 |
TUBE INVESTMENTS OF INDIA | 2,850.9 | 41.2% | 0.2 | 14.9% | 19,029.0 | 29.4% | 149,647 |
ABBOTT INDIA | 23,734.9 | 41.0% | 0.0 | 16.8% | 12,054.9 | 30.2% | 53,487 |
SOLAR INDUSTRIES | 4,078.5 | 38.7% | 0.4 | 43.7% | 12,889.2 | 31.1% | 69,225 |
DEVYANI INTERNATIONAL | 198.5 | 38.0% | 0.1 | 38.1% | 6,547.4 | 27.5% | 29,977 |
3M INDIA | 29,509.1 | 36.6% | 0.0 | 10.4% | 6,042.9 | 26.9% | 39,594 |
COROMANDEL INTERN | 1,064.6 | 36.6% | 0.0 | 19.1% | 29,261.5 | 25.5% | 296,279 |
PETRONET LNG | 225.4 | 35.7% | 0.0 | 16.8% | 52,486.9 | 25.2% | 431,686 |
L&T TECHONOLOGY | 4,252.1 | 34.7% | 0.0 | 15.2% | 16,960.0 | 24.2% | 80,136 |
APL APOLLO TUBES | 1,551.4 | 33.6% | 0.3 | 34.5% | 9,452.6 | 27.4% | 130,633 |
PERSISTENT SYSTEMS | 4,887.9 | 32.7% | 0.1 | 45.2% | 15,058.0 | 24.7% | 83,506 |
KPIT TECHNOLOGIES | 1,141.8 | 32.6% | 0.0 | 30.1% | 6,328.9 | 23.8% | 33,650 |
SKF INDIA | 5,066.9 | 31.4% | 0.0 | 29.0% | 7,494.1 | 22.4% | 43,049 |
COFORGE | 5,270.4 | 31.0% | 0.1 | 21.0% | 12,807.0 | 24.9% | 80,146 |
GUJARAT GAS | 460.8 | 29.8% | 0.1 | 28.2% | 21,011.6 | 22.9% | 161,251 |
MPHASIS | 2,324.4 | 29.4% | 0.0 | 13.8% | 24,339.6 | 21.2% | 137,985 |
KPR MILL | 667.0 | 28.0% | 0.4 | 27.0% | 12,743.9 | 22.0% | 61,859 |
* We show NM where the values are negative
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